By Yusuf Danjuma Yunusa

Ride-hailing company, Uber, has shut down its operations in Nigeria.

In a statement, the company, which came into Nigeria in 2014, said its exit is effective from September 2, 2026.

“We are writing to share some difficult news. After a thorough review of our business, we have made the tough decision to wind down our operations in Nigeria, effective 2 September 2026.

“Since we first launched in Lagos in 2014, it has been an absolute privilege to be a part of your daily life connecting you with independent transportation providers.

“Whether it was a morning commute, a ride to see loved ones, or exploring the city, thank you for trusting the platform to connect you to a driver to get you there safely. We know this may cause disruption to your routine, and we sincerely apologize for the inconvenience.”

In a memo on Wednesday, the ride-hailing company also announced elimination of roughly 3,300 positions.

The job cuts focused on management and coordination roles, according to its CEO, Dara Khosrowshahi.

“Today, we’re making a number of significant organizational changes across Uber. We are removing layers, simplifying team structures, refining our global location strategy, and focusing our people and investments against the biggest opportunities ahead of us.”

“As a result, we will be reducing the size of our team by about 10%. Everyone whose role has been affected has already been notified, except in countries where we will follow the required local process.

“This wasn’t a decision we made lightly, because it will have a real impact on our teammates and friends who have worked hard for Uber. It’s important to say that these changes are about how we’re organized and what we’re prioritizing, not about anyone’s contributions to Uber, which we will always value.

“I’m sure you’re asking, ‘Why, and why now?’ particularly since our business is performing so well. Over the last 5+ years, Uber has grown by orders of magnitude, with our top line nearly tripling. We’ve built new products, expanded into new businesses, reached more consumers and supported more earners, and become a much larger and stronger company. But that growth has also brought complexity: more layers, more coordination, more fragmented ownership, and in some cases structures that made sense when businesses were smaller but no longer serve us well at our current scale.

“Our opportunity from here is enormous: we have the chance to bring Uber to hundreds of millions more people; to invest even more in drivers, couriers and merchants; and to innovate across our core businesses and build the autonomous future.

“The changes we’re making today are designed to do two things: make Uber simpler and faster, and create more capacity to invest in our future. A leaner organization will mean clearer ownership, faster decisions, and more time spent building rather than coordinating. It will also generate savings that we intend to reinvest in growth, innovation, and the capabilities that will matter most over the coming years.

“It’s our job as leaders to make these difficult calls, and to give you transparency into our thinking and our decision-making process.”

The layoffs are the latest round of job cuts for Uber, which eliminated roles in customer service and HR earlier this year.

By Yusuf Danjuma Yunusa

Robert Kiyosaki, the author of the bestselling ’Rich Dad Poor Dad’ book, has accumulated an estimated $1.2 billion debt connected to his aggressive real estate investment.

According to reports, the debt is the estimated amount the 79-year-old author and his business partners borrowed to acquire approximately 1,500 property units as Mr Kiyosaki continues to expand his real estate holdings.

Despite the significant debt, Mr Kiyosaki does not appear apprehensive about the liabilities, maintaining that borrowing money to acquire income-generating assets is a strategy commonly used by wealthy individuals.

“So, I’m a billion two in debt,” the author said on the ‘Get Rich Education’ podcast recently, adding that people “should not do what I do, right? But I studied it since 1974… If you’re going to learn to use debt, you’d better take some education.”

In a recent interview with Vanity Fair, Mr Kiyosaki’s ex-wife and business partner, Kim Kiyosaki, revealed that the debt did not reflect the amount her ex-husband personally owes.

She stressed that it is connected to the real estate properties owned by them and their business partners, adding that Mr Kiyosaki’s personal share of the liabilities is small.

Vanity Fair estimated Mr Kiyosaki’s share of the debt at around $30 million to $60 million.

“We have a lot of apartment houses with our partners. So technically, yes, we have all this debt,” the ex-wife told Vanity Fair.

Speaking to the magazine, Mr Kiyosaki stated, “If it all comes to hell, you can talk to my attorney. Firewalls—that’s the way the rich play the game.”

By Yusuf Danjuma Yunusa

Alex Kiprotich, an associate editor of The Standard, a Kenyan newspaper, has been abducted by armed men.

The newspaper’s CEO, Chaacha Mwita, in a statement, said Mr Kiprotich was abducted along Gilgil-Nakuru Road shortly before 9:20 p.m. while travelling to Nakuru on Tuesday.

Mr Mwita said this is the second time in as many months that Mr Kiprotich had been targeted.

According to him, on June 27, 2026, armed men in a Toyota Probox, a vehicle model linked to enforced disappearances of government critics in Kenya, tried to seize him from his car as he drove to work in Nakuru.

He got away by locking his doors and driving off.

The Standard CEO linked the failed abduction attempt on Mr Kiprotich to President William Ruto’s government.

“That attempt came days after President William Ruto publicly criticised this Group over its coverage, and our own investigations traced the vehicle to the National Police Service’s Crime Research and Intelligence Bureau,” said Mr Mwita. “No one has ever been held to account for it. Tonight, that threat has been carried out.”

The Standard CEO added, “We do not believe this is a coincidence. Mr Kiprotich has been at the forefront of our editorial output, including reporting that has scrutinised the conduct of the state, and tonight’s abduction bears all the hallmarks of a targeted attack on a journalist for doing his job.”

“If that is confirmed, this is not simply a crime against one man. It is an assault on the Constitution of Kenya, on the freedoms of expression and of the media guaranteed under Articles 33 and 34, and on the right of every Kenyan to independent information.

“We say this plainly and without equivocation: the Standard Group holds the state responsible for Alex Kiprotich’s safety and his life, and for anything that happens to him while he remains missing. Protecting the life and liberty of every citizen is the state’s first duty, not an afterthought, and Mr Kiprotich’s safety now rests entirely in its hands.”

The government of Mr Ruto has not reacted to the latest allegation.